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Who Wasn't Investing In Subprime Mortgages?
MoneyGram is the latest non-mortgage lender to be caught investing in the subprime mortgage market, says BusinessWeek. (emphasis ours) The money transfer services provider’s stock lost half its value...
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Scammers Pose As Grandchildren Pleading For Emergency Cash
The BBB has issued a warning about a distressing telephone scam that’s increasing in popularity. The target? Grandparents. Scammers based in Canada are thought to be randomly dialing US phone numbers...
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MoneyGram Agrees To Pay $18 Million Back To Fraud Victims
MoneyGram International announced today that it would pay $18 million to the FTC to settle charges it allowed wire fraud to happen between 2004 and 2008. MoneyGram’s press release notes that they...
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Walmart Lists “Sending Someone Money” As A Reason You Shouldn’t Wire Money To...
A lot of international fraud scams involve having to wire money to the scammers, and they’ve become so commonplace that operators of wire services like Western Union train employees to keep an eye out...
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Walmart Employee Accused Of Helping Himself To $106K In Bogus Money Orders
An employee at a New Mexico Walmart apparently thought he’d found a loophole in the store’s MoneyGram service that would allow him to print out bogus money orders without being detected. He was wrong,...
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Don’t Fall For The Mail-Order Puppy Scam
Getting a dog from a breeder can run you thousands of dollars, so it might be tempting when someone offers to sell you a baby puppy for a fraction of that. But if that seller is just some random person...
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MoneyGram To Pay $13M, Revamp Policies To Protect Against Wire Transfer Fraud
While advances in technology now allow us to zap money from our bank accounts to our friends and family members with the touch of a button, some people continue to rely on money transfer services. But...
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Former MoneyGram Executive To Pay Record Personal Fine To Settle Money...
The former compliance officer for money transfer company MoneyGram must pay $250,000 — the largest such fine imposed — to settle allegations that he personally failed to stop consumers from becoming...
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